Last week, a new client asked me if they really needed to keep ALL their receipts. I replied, “only if you want to claim the VAT back and get a Corporation Tax deduction.” Running a business is not easy – you have to literally do it all (or make sure it [...]
Here at Accsys, we're thrilled to announce the newest addition to the company: Buzzby, our eye-catching VW ID Buzz! Decked out in our signature lime green and white, this head-turner is proof that we're not just serious about sustainability - we're having a blast with it too! Our electric journey has already [...]
“Nothing is certain except death and taxes” - This famous quote about taxes originated with Benjamin Franklin in 1789 and for the most part it is true. But fortunately, there are some exceptions, and these come in the form of concessions that will allow you to pay your employees tax free. [...]
It’s been a couple of weeks since the Budget and we have taken the time to let the full impact of the minimum wage increases sink in. The National Living Wage (for those aged 21 & over) will increase to £12.21 per hour from £11.44, an increase of 77p, and the [...]
On 10 October, the government unveiled its long-anticipated Employment Rights Bill, a comprehensive package of reforms designed to strengthen worker protections, boost pay and improve productivity across the UK. The bill is undeniably ambitious, introducing 28 individual reforms that could have far-reaching consequences for business owners—particularly small businesses. At the heart [...]
At Accsys Accountants, we're always looking for ways to add value to our services and make managing your business easier. That's why we're excited to introduce Dashboards, a new addition to our services that gives you real-time access to your Xero financial data, presented in a clear and easy-to-read graphical format – and [...]
Selling your business is the ultimate aim of many business owners – it’s the reason you get up in the morning and put in the hours over several years, to one day cash out and realise your hard work, enabling you to move onto to the next stage of your life. [...]
After wasting two hours on Saturday trying and failing to buy Oasis tickets, I started thinking about the title of one of their most iconic songs, ‘Don't Look Back in Anger.’ The song's about reflecting on everything you’ve missed in life and all the things you know you should have done. [...]
If you have a company car, then your personal tax code will have now been updated for this year by HMRC, so that they can start deducting the tax cost of it from your salary. If you have chosen a car that is not tax efficient, this then this will likely [...]
Normally I hate articles that speculate about what will happen. Often, they are just trying to grab views and then you read them and come away none the wiser. But I have decided to write one and add to the speculation, to try and forewarn you so at least you can prepare [...]
